Libra Update: Law makers concerns expressed already
Published On : 2019-06-20 08:35:16
Andreas Antonopoulos on Libra
Shortly after the Libra whitepaper came out, there are already concerns about the new Facebook cryptocurrency from different parties.
US Representative Maxine Waters, chair of the House Financial Services Committee, asked Facebook to halt work on unit it answers questions about privacy and security.
The congress awaits for the social media giants to answer questions about privacy and expressed fears that the FB coin would help users avoid global sanctions and launder money.
One of the top influencers in crypto is Andreas. His opinion is well formed and he is able to explain difficult concepts in terms anyone can understand. He is the writer of the famous Bitcoin book "The Internet of money" and is one of the biggest BTC advocates.
In his Youtube video, he is mostly worried about censorship with Facebook's Libra Global coin. It's worth the watch, so enjoy it!